Stocks Comparison
Fluence Energy vs Microvast: revenue, profit, margins and growth compared
Fluence Energy brought in $2.3B of revenue in fiscal 2025, Microvast $427.5M in fiscal 2025. Revenue changed by -16.1% at Fluence Energy and +12.6% at Microvast on the year before, so Microvast grew faster. Fluence Energy kept -2.1% of its revenue as net profit, Microvast -6.8%. Free cash flow was -$160.4M at Fluence Energy and $56.1M at Microvast.
Side by side, latest fiscal year
| FLNC | MVST | |
|---|---|---|
| Fiscal year ended | FY2025 (September 30, 2025) | FY2025 (December 31, 2025) |
| Revenue | $2.3B | $427.5M |
| Revenue growth | -16.1% | +12.6% |
| Net income | -$48.3M | -$29.2M |
| Net margin | -2.1% | -6.8% |
| Free cash flow | -$160.4M | $56.1M |
| Free cash flow margin | -7.1% | 13.1% |
| Earnings per share (diluted) | -$0.37 | -$0.09 |
| Cash | $690.8M | $105M |
| Debt | $0 | $13.2M |
| Price to earnings | n/a | n/a |
| Market value | $1.4B | $264.6M |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #9 of 34 · Other | #16 of 34 · Other |
Over the years
Questions about Fluence Energy and Microvast
Which is bigger by revenue, Fluence Energy or Microvast?
Fluence Energy is bigger by revenue: $2.3B in fiscal 2025, against $427.5M for Microvast in fiscal 2025.
Which keeps more of its revenue as profit, Fluence Energy or Microvast?
Fluence Energy had a net margin of -2.1% in fiscal 2025; Microvast had -6.8% in fiscal 2025.
Which grew revenue faster, Fluence Energy or Microvast?
In their latest fiscal years revenue changed by -16.1% at Fluence Energy and +12.6% at Microvast.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.